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Maha puts 3 Chinese projects worth Rs 5,000 cr on hold

  •   Mon, Jun 22 2020 12:14:14 PM

Mumbai, Jun 22 (IANS): The Maharashtra government has put on hold three major agreements signed with Chinese companies at the recently concluded Magnetic Maharashtra 2.0 investor meet, officials said.

The proposed projects entail investments of around Rs 5,000 crore in the state.

"We have taken this decision in consultation with the Central government. These agreements were signed prior to the development on the Indo-China border and killing of 20 Indian soldiers," Industry Minister Subhash Desai said.

He added that the Ministry of External Affairs has advised the state government against signing any further agreements with Chinese companies.

It may be recalled that at the online Magnetic Maharashtra 2.0 meet, the state government signed agreements worth over Rs 16,000 crore with global companies including Chinese groups.

They include a Rs 3,770-crore MoU with the Great Wall Motors to set up an automobile manufacturing unit in Pune' Talegaon and a Rs 1,000-crore in partnership with Foton (China) and PMI Electro Mobility.

Besides, Henglu Engineering made a commitment of Rs 250-crore for the expansion plans at its unit Phase II in Pune.

Apart from China, the state signed around nine other MoUs with companies from the US, South Korea, Singapore and various domestic entities, with huge employment generation potential.
  

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Comment on this article

  • abdulla, india

    Tue, Jun 23 2020

    1.4 billions of us..
    Millions Un employed ..yet the Marathis bring in the Enemy Chinese to do project for us.?
    Time for total revolution: shake up
    Wake up india .too much JUGAAD..Laziness.
    800 million youth ..Induct every indian youth into ARMY BOOT CAMP .
    later deploy them across the globe...
    If Japan: Korea: tAIWAN CAN DO WHY CANT WE???
    To build up their Skills: multi Tasking: Perfect discipline..
    No Talking but work till you drop.BUILD THE NATION Perfect specs.. best Quality with standards.. and time schedules
    STOP imports.. start manufacturing all in india ..add value.. research..
    design build.
    If China can do.
    we can do better.
    Go for BACKWARD Integration from now.
    A to Z
    Pins to ships should all be Produced in india only
    SWADESHI.
    stop importing.
    Integrate all technologies: like :
    3D..AI..IT..Drone..nano..sensor..iot, icloud, robots..Mfg all in india from now.
    we need to work very hard seriously like EMERGENCY ERA.
    Produce the best results...
    work to standards/specifications/Time /schedules/ perfection /Finesse/QUALITY

    DisAgree Agree [1] Reply Report Abuse

  • wellwisher, kadri

    Tue, Jun 23 2020

    I feel goosebumps reading your comment.. covid-19 has given us a lifetime lesson, we have to opt for desi, like you said if China can why cant we?. we have a strong manpower, we have people who are eagerly looking for jobs so create jobs. we will definitely see rapid growth in economy in the coming 05 to 10 years if start manufacturing in India, and people prefer Indian products than overseas.

    DisAgree Agree Reply Report Abuse


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